000			02768nam a22004338i 4500
001			CR9781108355742
003			UkCbUP
005			20240301142634.0
006			m|||||o||d||||||||
007			cr||||||||||||
008			170405s2018||||enk o ||1 0|eng|d
020			_a9781108355742 (ebook)
020			_z9781108420969 (hardback)
020			_z9781108413077 (paperback)
040			_aUkCbUP _beng _erda _cUkCbUP
043			_an-us---
050	0	0	_aHG4930.5 _b.B35 2018
082	0	0	_a332.660973 _223
100	1		_aBall, Laurence M., _eauthor.
245	1	4	_aThe Fed and Lehman Brothers : _bsetting the record straight on a financial disaster / _cLaurence M. Ball, Johns Hopkins University.
264		1	_aCambridge : _bCambridge University Press, _c2018.
300			_a1 online resource (xxv, 267 pages) : _bdigital, PDF file(s).
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
490	1		_aStudies in macroeconomic history
500			_aTitle from publisher's bibliographic system (viewed on 20 Jun 2018).
520			_aThe bankruptcy of the investment bank Lehman Brothers was the pivotal event of the 2008 financial crisis and the Great Recession that followed. Ever since the bankruptcy, there has been heated debate about why the Federal Reserve did not rescue Lehman in the same way it rescued other financial institutions, such as Bear Stearns and AIG. The Fed's leaders from that time, especially former Chairman Ben Bernanke, have strongly asserted that they lacked the legal authority to save Lehman because it did not have adequate collateral for the loan it needed to survive. Based on a meticulous four-year study of the Lehman case, The Fed and Lehman Brothers debunks the official narrative of the crisis. It shows that in reality, the Fed could have rescued Lehman but officials chose not to because of political pressures and because they underestimated the damage that the bankruptcy would do to the economy. The compelling story of the Lehman collapse will interest anyone who cares about what caused the financial crisis, whether the leaders of the Federal Reserve have given accurate accounts of their actions, and how the Fed can prevent future financial disasters.
610	2	0	_aLehman Brothers.
610	1	0	_aUnited States. _bFederal Reserve Board.
650		0	_aBank failures _zUnited States.
650		0	_aBank failures _xLaw and legislation _zUnited States.
650		0	_aInvestment banking _zUnited States.
650		0	_aFinancial crises _zUnited States.
650		0	_aGlobal Financial Crisis, 2008-2009.
776	0	8	_iPrint version: _z9781108420969
830		0	_aStudies in macroeconomic history.
856	4	0	_uhttps://doi.org/10.1017/9781108355742
999			_c9045 _d9045